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11 November, 07:07

Anthony is starting a business and he is thinking about the costs associated with getting his business established because he does not have a lot of money to spend. Which form of ownership would cost Anthony the least to set up and why?

a. A partnership because he can share expenses with his business partner.

b. An S corp because he would not be payble double taxation.

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  1. 11 November, 07:36
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    a. A partnership because he can share expenses with his business partner.

    Explanation:

    Anthony needs to fund his investment and their current wealth is not enough thus, it needs a partner who can contribute capital into the business. Of course, this will not come for free, the investor would receive a share of the potential gains in return to share shares expenses.
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Home » Business » Anthony is starting a business and he is thinking about the costs associated with getting his business established because he does not have a lot of money to spend. Which form of ownership would cost Anthony the least to set up and why? a.
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